Insurance Service Office Acquires 16 Percent Stake in NAM Corp.

May 12, 2000

Insurance Services Office, Inc. has acquired 16 percent of NAM Corp., a leading global provider of web-enabled and in-person dispute resolution services, for $4 million.

As part of the transaction, ISO will be issued 642,570 shares of common stock at a price of $6.22 per share. In addition, Frank J. Coyne, president and chief operating officer of ISO will be nominated to NAM’s board of directors.

Topics Mergers

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